Yousif Capital Management LLC Trims Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Yousif Capital Management LLC trimmed its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,555 shares of the real estate investment trust’s stock after selling 940 shares during the quarter. Yousif Capital Management LLC’s holdings in Xenia Hotels & Resorts were worth $552,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in Xenia Hotels & Resorts by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 9,858,393 shares of the real estate investment trust’s stock worth $116,132,000 after acquiring an additional 435,427 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Xenia Hotels & Resorts by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,195,444 shares of the real estate investment trust’s stock worth $25,862,000 after purchasing an additional 70,937 shares during the period. 683 Capital Management LLC boosted its stake in Xenia Hotels & Resorts by 461.7% in the 3rd quarter. 683 Capital Management LLC now owns 1,650,000 shares of the real estate investment trust’s stock worth $19,437,000 after purchasing an additional 1,356,258 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Xenia Hotels & Resorts by 33.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,169,995 shares of the real estate investment trust’s stock worth $13,783,000 after purchasing an additional 292,913 shares during the period. Finally, Kennedy Capital Management LLC bought a new position in Xenia Hotels & Resorts in the 3rd quarter worth approximately $13,177,000. 92.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wolfe Research assumed coverage on Xenia Hotels & Resorts in a research note on Wednesday, January 10th. They issued a “peer perform” rating for the company. Wells Fargo & Company upped their price target on Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. B. Riley restated a “neutral” rating and issued a $17.00 price target (up from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. KeyCorp increased their target price on Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Finally, Jefferies Financial Group upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and increased their target price for the company from $14.00 to $18.00 in a research report on Thursday, February 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Xenia Hotels & Resorts currently has an average rating of “Hold” and a consensus price target of $15.70.

Xenia Hotels & Resorts Stock Up 7.0 %

NYSE XHR opened at $14.97 on Monday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.50 and a current ratio of 2.24. The company has a market capitalization of $1.53 billion, a P/E ratio of 78.79 and a beta of 1.46. Xenia Hotels & Resorts, Inc. has a one year low of $10.90 and a one year high of $15.84. The stock has a 50 day moving average price of $14.78 and a 200-day moving average price of $13.52.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). The company had revenue of $253.38 million during the quarter, compared to the consensus estimate of $253.00 million. Xenia Hotels & Resorts had a return on equity of 1.58% and a net margin of 2.09%. As a group, equities analysts predict that Xenia Hotels & Resorts, Inc. will post 1.53 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.12 per share. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 3.21%. The ex-dividend date was Wednesday, March 27th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 252.64%.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.